The Enid News and Eagle, Enid, OK

Agriculture and Energy 2011

March 26, 2011

Home of the brave, free ... market

OIPA chief wants latitude when it comes to energy

— Mike Terry, president of Oklahoma Independent Petroleum Association, said he wants the free market to determine the future of the nation’s energy resources.

Terry said he does not follow offshore oil exploration issues closely because he has no members involved in that area. However, he said, since last year’s British Petroleum oil spill in the Gulf of Mexico, safety is on the minds of everyone in the oil industry.

“I assume the safety standards have been elevated considerably,” he said regarding offshore work “This is causing those companies that do get involved in offshore to watch every step they make in drilling those wells.

Terry criticized the current federal administration for being anti-fossil fuel, saying it does not surprise him they are holding drilling permits.

But with the public crying for cheaper gasoline, Terry said whatever can be done to increase production should be considered. The presidential administration, he said, says one thing and does another.

He added tapping the strategic oil reserve is a short-term solution, if a solution at all.

“If they take all the oil out of the reserve it will be used in a few days or a few weeks and what difference will it make? Except to be replaced with higher-priced oil,” Terry said.

He added Washington bureaucrats are so hung up on alternatives to drilling they are overlooking solutions right under their noses, especially the resources in Oklahoma.

There has been increased oil and natural gas production in the last four-to-five years, and Terry said there probably is enough natural gas to last until our grandchildren's’ generation.

“The supply is cheap, it’s clean, but there is no push from Washington to use it,” he said.

Terry also referred to new supplies of oil in the Bakken Shale of Montana and North Dakota, plus new fields recently discovered in Oklahoma using new technology.

Oklahoma sends 70 percent of its natural gas out of state, and Terry think there should be a way to manage it here in the state.

“Oklahoma should be about finding ways to use it, it makes good economic sense, it creates jobs, it’s clean and affordable and we know how to use it,” Terry said.

When it comes to the energy industry, Terry said there is gridlock in the nation because of the current administration’s stance. Terry does not think alternative fuels make sense at this time without government subsidies, which Americans cannot afford.

“We should explore alternative fuels, but the free market should reign. We should allow it to work. That’s what made America great. We have the oil and gas here. It is how the state has driven the economy for 100 years,” he said.

Terry said there is a plentiful supply and the industry provides good jobs. The average oil and gas employee brings home about double compared to some other jobs in the state, he said.

“It makes sense,” he said. “Let the free market take care of it.”

1
Text Only
Agriculture and Energy 2011
  • Coveroilag.jpg Agriculture and Energy 2011

    One of the attributes of living in Enid and Northwest Oklahoma is the abundant pride residents have in its people, land and businesses. The 2011 News & Eagle Progress edition highlights these areas and pays tribute to all of those who make our region shine 7 days a week, 365 days a year.

    March 26, 2011 1 Photo

  • Wind_Farm_2_JK.jpg Seeking credit

    Wind energy developers are hoping the moratorium is lifted this coming fiscal year, which begins in July.

    March 26, 2011 1 Photo

  • Autry Wind_BH.jpg Energy supply that blows on trees

    In 2009, Autry installed a wind turbine on its campus not only to provide wind energy to the facility but to offer an educational tool for students looking to go into the wind energy field or who just want to learn more about wind energy.

    March 26, 2011 1 Photo

  • Hiland_Partners_1_BV.jpg ‘It was lightning in a bottle’

    “Our No. 1 asset is our employees." — Joe Griffin, president and chief executive officer of Hiland Partners

    March 26, 2011 1 Photo

  • hiland.jpg Pressure on Hiland, others to fill shoes of Continental Resources’

    While announcing Continental Resources is moving to Oklahoma City last week, Hamm told the News & Eagle he sees some of his other companies in the same position for growth Continental witnessed about five years ago.

    March 26, 2011 1 Photo

  • Harold Hamm.jpg This is not a drill

    Local city officials are bracing for the challenges the company’s move poses to economic development efforts.

    March 26, 2011 4 Photos

  • Lew_Ward_BH.jpg An endless supply of energy ...

    Ward Petroleum is drilling horizontal wells and using fracturing technology to get further production from wells in Oklahoma.

    March 26, 2011 3 Photos

  • ong photo.jpg President of ONG has a past in Enid

    “I was working for our company for just over a year, I began in 1986 and in the summer of 1987 they asked me to move to Enid for a while and work in our district office out there.” — Greg Phillips, Oklahoma Natural Gas president

    March 26, 2011 1 Photo

  • Aerial_Oil Well_BV.jpg Home of the brave, free ... market

    With the public crying for cheaper gasoline, Terry said whatever can be done to increase production should be considered.

    March 26, 2011 1 Photo

  • WAKO_1_BH.jpg Trickle-down theory has translated into years of business for Wako Inc.

    The company began in Wakita, moving to Enid 25 years ago. It celebrates 50 years in November. The name takes the first three letters from its hometown and the O from Oklahoma, Bland said.

    March 26, 2011 3 Photos